The Japanese yen continues to lose ground, breaking through the 150-mark against the US dollar on Thursday, the highest level since 1990. The Japanese economy has been suffering as the yen has weakened significantly, prompting an emergency Bank of Japan meeting.
The last time when the Yen breached the 160-mark was way back in 1986.
In recent weeks, the Bank of Japan has maintained that it will not follow the lead of most central banks around the world in raising interest rates to combat inflation. However, experts believe that recent events may cause a slight shift in their stance.
